36

Rantoul, IL Homes for Rent

Section Image
  • /33

    Starting at $765 Per Month

    • 2 - 4 Beds

    620 Willow Pond Rd, Rantoul, IL 61866

    Each apartment home features amenities such as washer/dryer hookup options, large pantry storage, cozy interiors, and more. Once you become a resident of our Rantoul apartments, you will have access to our fitness center, courtyard, and dog park. Our apartments are conveniently located off of Veterans Parkway, near the Rantoul Airport. Come see your new home today!

    Golfview Village

    (217) 595-1824

    620 Willow Pond Rd, Rantoul, IL 61866
  • /19

    Starting at $916 Per Month

    • 3 - 5 Beds

    200 W Frost Ave, Rantoul, IL 61866

    South Pointe Commons offers spacious townhomes and duplexes for rent with on-site laundry, stylish plank flooring, central heat and air conditioning, and updated kitchens. We're just a nine-minute drive from Downtown Rantoul and a short distance to the Rantoul Library, Forum Fitness Center, and Rantoul Recreation Department. Looking for a comfortable 3, 4, or 5 bedroom townhome or duplex in

    South Pointe Commons

    (217) 694-8081

    200 W Frost Ave, Rantoul, IL 61866
  • /17

    Starting at $640 Per Month

    • 1 - 3 Beds

    909 N Maplewood Dr, Rantoul, IL 61866

    Falcon Way Townhomes offers 1, 2, and 3-bedroom rental homes with stylish vinyl plank flooring, spacious floor plans, new kitchen appliances, washer/dryer hookups, and a private patio/balcony. Outside, residents enjoy spending their free time at our on-site playgrounds, dog park, courtyard, and individual garden plots. Residents value our on-site laundry facility and convenient off-street

    Falcon Way Townhomes

    (217) 595-1860

    909 N Maplewood Dr, Rantoul, IL 61866
  • /3

    $425 Per Month

    • 2 Beds
    • 1 Bath
    • 700 Sq Ft
    • House for Rent

    40 Mahoning Ave, Rantoul, IL 61866

    Property Id: 2242940Take advantage of our Handyman Home Offer and transform this 2-bedroom, 1-bathroom home at 40 Mahoning Ave, Rantoul, IL 61866 into your perfect space! Built in 1981 with a 14x50 layout, this home offers great potential for customization and comfortable living. The home is FREE-just cover the monthly lot rent of $425 plus a security deposit (2x lot

    (217) 215-4292

    40 Mahoning Ave, Rantoul, IL 61866
  • /9

    $650 Per Month

    • 1 Bed
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    335 E Campbell Ave Unit D, Rantoul, IL 61866

    Property Id: 2041895Welcome to your new home at 335 E Campbell Ave in Rantoul, IL! This charming 1 bedroom, 1 bathroom unit features amenities including refrigerator, central air, laminate flooring, forced air heating, and washer/dryer hookups. Available for rent starting September 1, 2025, for $650 month. No smoking or pets allowed. Don't miss out on this cozy and convenient living space!

    (217) 282-7248

    335 E Campbell Ave Unit D, Rantoul, IL 61866
  • /6

    $775 Per Month

    • 2 Beds
    • 1 Bath
    • 650 Sq Ft
    • House for Rent

    418 N High St, Rantoul, IL 61866

    Available June 1st!Fully remodeled 2 bedroom, 1 bath unit in Rantoul. Recently updated with modern flooring and paint colors, this unit is a must see. Open living room to kitchen concept! Give us a call today to schedule your showingJSJ Property Management302 W. Springfield Ave.Champaign, IL 61820Equal Opportunity Housing

    418 N High St, Rantoul, IL 61866
  • /5

    $695 Per Month

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • House for Rent

    1088 Eastview Dr, Rantoul, IL 61866

    Available August!Don’t miss this great 1 bedroom, 1 bath unit in Rantoul! Ideally located, you’ll enjoy easy access to outdoor recreation at Ryan Park and Maplewood Sports Complex, as well as nearby shopping and everyday conveniences at Maple Grove Shopping Center.This well-located home offers a comfortable living option in a convenient area—perfect for enjoying both relaxation

    1088 Eastview Dr, Rantoul, IL 61866
  • /8

    $650 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    415 E Letchworth Ave Unit 1, Rantoul, IL 61866

    415 E Letchworth Ave Unit 1, Rantoul, IL 61866
  • /3

    $595 Per Month

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    411 E Campbell Ave Unit B, Rantoul, IL 61866

    411 E Campbell Ave Unit B, Rantoul, IL 61866
  • /4

    $595 Per Month

    • 1 Bed
    • 1 Bath
    • 450 Sq Ft
    • House for Rent

    409 E Campbell Ave, Rantoul, IL 61866

    Don't miss out on this charming unit located in residential Rantoul! Just minutes away from local schools, restaurants and shopping. Unit has brand new flooring throughout with spacious rooms! Give us a call today to schedule your showing!JSJ Property Management, Inc.302 W Springfield AvenueChampaign, IL 61821

    409 E Campbell Ave, Rantoul, IL 61866

Why Live in Rantoul

Rantoul, Illinois, located about 15 miles north of Champaign, is undergoing a revitalization effort fueled by grant funds from T-Mobile. The village is enhancing its infrastructure with new sidewalks and a central plaza downtown, while local businesses are renovating their buildings. The upcoming Illinois Autonomous and Connected Track is expected to create thousands of jobs, boosting the local economy. Housing in Rantoul is relatively affordable, with a median price around $125,000, featuring compact midcentury homes, ranch-style houses, and Colonial Revival-style residences. However, housing availability is limited, with little new construction. The village is served by two public school districts and a private Catholic school, with the high school offering Advanced Placement and dual-credit programs. Rantoul features several recreational facilities, including the 60-acre Rantoul Family Sports Complex, Willow Pond Golf Club, and a 9-mile system of multi-use trails. Dining options include ET’s and Ott’s Drive In, with additional shopping and dining available in nearby Champaign. Transportation options include car travel via Interstate 57 and U.S. Route 45, Amtrak trains, and the C-Carts minibus service. Community events organized by the chamber of commerce, such as the Fourth of July parade and summer concerts, foster a sense of community. Environmental concerns include the smell from Rantoul Foods and PFAS in groundwater, though drinking water quality is regularly monitored.

Frequently Asked Questions

How much does it cost to rent a home in Rantoul, IL?
The median rent for a home in Rantoul, IL is $650 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Rantoul, IL?
To comfortably afford the median rent in Rantoul, IL, a household needs to earn roughly $26,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $650 per month in Rantoul, IL, renters typically need to show $1,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Rantoul, IL?
In Rantoul, IL, the price-to-rent ratio is 17.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Rantoul, IL are best for renting a home?
The best neighborhood for renting in Rantoul, IL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Hill Street East, Parkland Ridge, East Urbana, Crystal Lake and King Park, each with its own character and price range.

Rental Trends in Rantoul, IL

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$650
Median Single Family Home Rent
$775
Median Townhouse Rent
$695
Median Condo Rent
$650
How to Rent a Home